Mumbai-based VoxWeb, a mobile-first, social networking platform has raised $1 m from undisclosed individual investors. The start-up will use the funding to strengthen back-end technologies and to add new front-end features. It will also invest in scaling marketing efforts to increase its use…
Tag: Funding
Tech funding soars in India: CB Insights
Venture capital funding has roared back in 2017 in Asia after a slowdown in 2016. Technology funding in India has also jumped, according to the ‘Asia Tech Investment Report’ by CB Insights, a data intelligence platform. Highlights from the report: $106 billion invested across 5,019 deals since 20…
‘Start-ups shouldn’t feel entitled to investments’
Bengaluru: Start-ups have to be clear about the need for venture-capital funds and should get out of the entitlement mentality, said Shalini Prakash, Venture Partner, 500 Startups, at an investor insight event held by global start-up community Startup Grind. Sharing insights to a group of entrepr…
Foodtech start-up BOX8 secures $1 m venture debt from Trifecta Capital
Mumbai-based on-demand food delivery start-up BOX8 has raised about $1 million (Rs 7 crore) in venture debt funding from Trifecta Capital. This development comes right on the heels of the start-up raising $7.5 million (Rs 50 crore) Series B funding from IIFL Seed Ventures Fund and Mayfield Ventur…
Fynd secures $500k in follow on Series A funding from Rocketship
Mumbai-based e-Commerce fashion platform Fynd has raised $500,000 in a follow-on Series A funding round from Silicon Valley-based Rocketship. Rocketship is an early-stage venture capital fund investing in companies using models built through data science. The firm’s founders, Venky Harinarayan an…
Takeaway start-up Delivery Hero raises €387 m from Naspers
Online food takeaway firm Delivery Hero, one of Europe’s biggest start-ups, has raised 387 million euros by issuing new shares to South African media and e-Commerce firm Naspers. This investment will help fuel Delivery Hero’s growth plans. Naspers will also be represented with one member on Deliv…
Income Tax benefits for start-ups: Just 10 out of 208 qualify
Only 10 start-ups have benefited from the government’s decision to give income tax exemption to eligible start-ups. This was even as 208 applications were considered for these tax benefits since the launch of the scheme in January, 2016. “Out of the total applications received, 208 applications c…
No good start-up will starve to death: Sanjay Swami of Prime Venture Partners
Prime Venture Partners, formerly Angel Prime, is a venture capital fund that focuses on early-stage start-ups, and looks for companies that don’t just need capital but also mentoring. Prime has a number of investments in the fintech space, and it’s well-known for its highly-engaged ap…
Japanese investors look to bet their money on Indian start-ups
A new wave of small Japanese investors is scouting in India for early-stage start-ups they can bet their money on, undeterred by a bearish spell that threatens to upset Tokyo-based Soft-Bank’s biggest wagers in the country. REAPRA Ventures and Asuka Corporation are the latest Japanese early-stage…
Upaya Social Ventures launches accelerator programme targeting small businesses
Seattle- based non-profit organization Upaya Social Ventures has launched its 2017 accelerator programme targeting small businesses which are creating jobs by ‘organizing the unorganised sector.’ The accelerator will have three different cohorts of 8-10 ventures across six months whic…